What term describes an agent authorized to handle matters of all types for the principal, typically requiring a power of attorney?

Study for the Burk Baker National Test. Use flashcards and multiple choice questions with hints and explanations to prepare effectively. Get ready for your exam!

Multiple Choice

What term describes an agent authorized to handle matters of all types for the principal, typically requiring a power of attorney?

Explanation:
When authority is described as covering all matters for the principal, it points to the universal agent. This is the broadest form of agency, where the agent can act in essentially all areas the principal could, typically enabled by a broad power of attorney. A general agent operates on a wide range of transactions, but within a specific scope like a particular business or location, not every possible matter. A special agent is limited to specific tasks or transactions. An express agent refers to how the authority is granted—explicitly stated—but doesn’t by itself define breadth of power. Since the question emphasizes handling matters of all types, the universal agent is the best fit.

When authority is described as covering all matters for the principal, it points to the universal agent. This is the broadest form of agency, where the agent can act in essentially all areas the principal could, typically enabled by a broad power of attorney.

A general agent operates on a wide range of transactions, but within a specific scope like a particular business or location, not every possible matter. A special agent is limited to specific tasks or transactions. An express agent refers to how the authority is granted—explicitly stated—but doesn’t by itself define breadth of power. Since the question emphasizes handling matters of all types, the universal agent is the best fit.

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